Shimano buys Innovative Textiles
Giant in fishing industry purchases Grand Junction company
A giant in the fishing industry has purchased a Grand Junction company.
Innovative Textiles Inc., a locally-based manufacturing company that started out making braided kite strings, was purchased recently by Shimano American, a subsidiary of Japan-based Shimano Inc.
Shimano, founded nearly 80 years ago, is the world’s third-largest manufacturer of fishing equipment. The company also has a reputation for precision engineering, which makes the acquisition of Innovative Textiles a perfect fit, said Dave Pfeiffer, president of Shimano American.
“The extensive background that Konrad Krauland and his team at Innovative Textiles have in braiding and textile engineering is one of the key assets of our acquisition,” said Pfeiffer.
He said Krauland, who founded Innovative Textiles in 1992, will remain with the company as a vice president, focusing on production, coordinating manufacturing and new product development.
Krauland delayed announcing the acquisition, preferring to let his staff know firsthand rather than through the media.
“It’s important to me to continue the tradition of being a family working together,” Krauland said. “I’m going to continue doing what I’m doing right now.”
It’s typical of his hands-on directorship, which has turned a small Grand Junction line-making company into one of the fishing industry’s best-known and most-respected brands.
After initially making high-strength braided lines for sport kiting, Krauland sensed an opening for high-strength, low-diameter fishing lines and spent years testing and researching braiding techniques and material.
In 1997, his company introduced PowerPro, a microfilament braided line made with Spectra fiber, and the rest is fishing history.
Krauland said the purchase by Shimano won’t have many immediate effects in Grand Junction and will give the local company an entry into the Japanese fishing market, the second-largest in the world.
“I’m planning on keeping my company together,” he said. “This will allow us to expand our vision. Shimano is the perfect company to move us to the next level.”
Shimano spokesman John Mazurkiewicz called the purchase “a great match” for both companies.
“Dave Pfeiffer was really impressed with Konrad’s passion for his product,” Mazurkiewicz said. “All this means is some of the sales and marketing efforts will be combined and will get PowerPro’s name out there in front of the entire fishing industry.
“It’s going to fit in well with what Shimano is doing.”